{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/274/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"274","title":"Personal Financial Statements","area":"Presentation","group":null,"subtopics":[{"number":"274-10","topic":"274","title":"Overall","area":"Presentation","paragraphs":52,"summary":"ASC 274-10 governs personal financial statements prepared for an individual, a married couple, or a family. The core rule is that assets are presented at their estimated current values and liabilities at their estimated current amounts on the accrual basis (274-10-25-1; 274-10-35-1), with a provision for estimated income taxes on the difference between those amounts and the related tax bases (274-10-35-15). The required statement is a statement of financial condition ending in net worth; a statement of changes in net worth and comparative statements are optional (274-10-45-4, 45-5).","concepts":["personal financial statements","estimated current value","estimated current amount","statement of financial condition","statement of changes in net worth","net worth","provision for estimated income taxes","closely held business valuation"],"categories":["Presentation","Subsequent measurement","Disclosure","Fair value"],"level":"intermediate","topic_title":"Personal Financial Statements","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
274-10-50-2AmendedAccounting Standards Update No. 2016-0202/25/2016
274-10-55-11AmendedAccounting Standards Update No. 2015-1006/12/2015
274-10-65-1AddedAccounting Standards Update No. 2015-1006/12/2015
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n274-10-50-2 | Amended | Accounting Standards Update No. 2016-02 | 02/25/2016 |\n274-10-55…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0f0d880b53f21e03d5bfad7daa16dc7572eded11142f3a9b5a32ec2ee674fa8","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:27.622Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480062","source_sha256":"eaf9e19f31d336be7228ac211e3e4cadcf121180563f3fcbfe525d898cdf22e7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1051ffdba28335795c7705fe4d7e3c14d274a8f0056394ae49d5230730534ee9","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:27.622Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480062","source_sha256":"eaf9e19f31d336be7228ac211e3e4cadcf121180563f3fcbfe525d898cdf22e7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9940d9988ec86803673f45d1985146bae3d273049c49bdba20d5c41e28a7ca80","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:27.622Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480062","source_sha256":"eaf9e19f31d336be7228ac211e3e4cadcf121180563f3fcbfe525d898cdf22e7"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-05-1","para":"05-1","html":"
This Subtopic addresses personal financial statements. Personal financial statements are prepared for individuals either to formally organize and plan their financial affairs in general or for specific purposes, such as obtaining of credit, income tax planning, retirement planning, gift and estate planning, or public disclosure of their financial affairs. Users of personal financial statements rely on them in determining whether to grant credit, in assessing the financial activities of individuals, in assessing the financial affairs of public officials and candidates for public office, and for similar purposes.
","snippet":"This Subtopic addresses personal financial statements. Personal financial statements are prepared for individuals either to formally organize and plan their financial affairs in general or for specific purposes, such as …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87b2000f01e0374a2e861f209c9bfddf7588ec5e959f4e6ba7c74813f5ad9874","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81e762b009ed8d315e571dfc300ba3bd9bd7f62ce16a1a314fdb25d58df7fd5f","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}},{"block":null,"heading":"Basis of Presentation of Personal Financial Statements","paragraphs":[{"citation":"274-10-05-2","para":"05-2","html":"
The primary focus of personal financial statements is a person's assets and liabilities, and the primary users of personal financial statements normally consider estimated current value information to be more relevant for their decisions than historical cost information. Lenders require estimated current value information to assess collateral, and most personal loan applications require estimated current value information. Estimated current values are required for estate, gift, and income tax planning, and estimated current value information about assets is often required in federal and state filings of candidates for public office.
","snippet":"The primary focus of personal financial statements is a person's assets and liabilities, and the primary users of personal financial statements normally consider estimated current value information to be more relevant fo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0f424faf48bbe7ccb6bcb9fd7ab3067fee329810dc66c5334ee23de070a88e4","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}},{"citation":"274-10-05-3","para":"05-3","html":"
This Subtopic provides guidance on how the estimated current values of assets and the estimated current amounts of liabilities are determined and applied in the preparation and presentation of personal financial statements.
","snippet":"This Subtopic provides guidance on how the estimated current values of assets and the estimated current amounts of liabilities are determined and applied in the preparation and presentation of personal financial statemen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db9b03af48a8bf3e3d36e4bb7a03ac0c5d23903a2414a2ff953c60afcb1b3be6","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e13d180a1fb6e4d8a2c1fdfa36292aed63ddabab9daffd88b18ab950680af166","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:463bf95e499c962675d7686d06412d62bf63327f0b99a6cdf2e8bd8506707804","downloaded_from":"2026-09-09T23:21:31.589Z","last_downloaded_at":"2026-09-09T23:21:31.589Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479780","source_sha256":"249c53a29bcc2d4146c3e01a85d007cc703a725f01ffc3099a9a38d410a38736"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"274-10-15-1","para":"15-1","html":"
The guidance in this Subtopic applies to the following entities:
  1. a
    All individuals
  2. b
    All groups of related individuals (families).
","snippet":"The guidance in this Subtopic applies to the following entities:\n(a) All individuals\n(b) All groups of related individuals (families).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5cd9db073104fe6c4223155ce76dd5961b8904813a5d86ab628838236aa4dc1","downloaded_from":"2026-09-09T23:21:34.691Z","last_downloaded_at":"2026-09-09T23:21:34.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479749","source_sha256":"b5b4748a54a0840d75d6e65124ef296a304f09cb9936edc0bfaee38b31a00ecb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8874355bc65a1405230a94cd0fe890da0365514edb02262a069849285a15f0b","downloaded_from":"2026-09-09T23:21:34.691Z","last_downloaded_at":"2026-09-09T23:21:34.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479749","source_sha256":"b5b4748a54a0840d75d6e65124ef296a304f09cb9936edc0bfaee38b31a00ecb"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"274-10-15-2","para":"15-2","html":"
Generally accepted accounting principles other than those discussed in this Subtopic may apply to personal financial statements. For example, Topic 450 provides guidance on accounting for contingencies and Topic 850 provides guidance on related-party disclosures.
","snippet":"Generally accepted accounting principles other than those discussed in this Subtopic may apply to personal financial statements. For example, Topic 450 provides guidance on accounting for contingencies and Topic 850 prov…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:234254359f8e9de19e8c02378e9701189979e773159eccc1f26148ea4ef32a3b","downloaded_from":"2026-09-09T23:21:34.691Z","last_downloaded_at":"2026-09-09T23:21:34.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479749","source_sha256":"b5b4748a54a0840d75d6e65124ef296a304f09cb9936edc0bfaee38b31a00ecb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe93c1d5584c441d993cb653d63b0bb9760dbbe26e53e938f445203be2667766","downloaded_from":"2026-09-09T23:21:34.691Z","last_downloaded_at":"2026-09-09T23:21:34.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479749","source_sha256":"b5b4748a54a0840d75d6e65124ef296a304f09cb9936edc0bfaee38b31a00ecb"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d891eeee8b7e7d9d584b1789db26db4a79bf1c9911bc24c3556bad5880a402e","downloaded_from":"2026-09-09T23:21:34.691Z","last_downloaded_at":"2026-09-09T23:21:34.691Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479749","source_sha256":"b5b4748a54a0840d75d6e65124ef296a304f09cb9936edc0bfaee38b31a00ecb"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"The Methods of Presentation","paragraphs":[{"citation":"274-10-25-1","para":"25-1","html":"
Assets and liabilities shall be recognized on the accrual basis of accounting.
","snippet":"Assets and liabilities shall be recognized on the accrual basis of accounting.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0deb27358cbccbab6cca6ff4552671c0449b8e7e85f816db94e4fc1d79a6f763","downloaded_from":"2026-09-09T23:21:38.682Z","last_downloaded_at":"2026-09-09T23:21:38.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479657","source_sha256":"378873ee876b86085211bce6e91701dca8a6d033c68ced7d98d2a03fb736e3f3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4dddcfbc9e0807638b500518609aa1343e5916990f2f7ccb097f1ea3cd899deb","downloaded_from":"2026-09-09T23:21:38.682Z","last_downloaded_at":"2026-09-09T23:21:38.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479657","source_sha256":"378873ee876b86085211bce6e91701dca8a6d033c68ced7d98d2a03fb736e3f3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bcb49bcc5f941ef288b5d1ee0bf6c534258a04de61b2c35edfff96ccc515b542","downloaded_from":"2026-09-09T23:21:38.682Z","last_downloaded_at":"2026-09-09T23:21:38.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479657","source_sha256":"378873ee876b86085211bce6e91701dca8a6d033c68ced7d98d2a03fb736e3f3"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-35-1","para":"35-1","html":"
Personal financial statements shall present assets at their estimated current values and liabilities at their estimated current amounts at the date of the financial statements.
","snippet":"Personal financial statements shall present assets at their estimated current values and liabilities at their estimated current amounts at the date of the financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49533525f48ecd0da721121ce4b34bbe17642f4abb77f5704172bad1b4dda8e0","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-2","para":"35-2","html":"
Paragraph 274-10-25-1 states that assets and liabilities shall be recognized on the accrual basis of accounting.
","snippet":"Paragraph 274-10-25-1 states that assets and liabilities shall be recognized on the accrual basis of accounting.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07dc72136a528809dcc368dd6daa885d003a4ffe548fab4d50aee80aaf9ecca0","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-3","para":"35-3","html":"
The methods used to determine the estimated current values of assets and the estimated current amounts of liabilities shall be followed consistently from period to period unless the facts and circumstances dictate a change to different methods.
","snippet":"The methods used to determine the estimated current values of assets and the estimated current amounts of liabilities shall be followed consistently from period to period unless the facts and circumstances dictate a chan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c63ca660dd86e41942478c3ff74cd77a7b9f0d6dcc3f4e726402f98c1c03e8d2","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7e2f18d5e874889db7c2bce266f817501fd0e99c26d1ea2df484931d520e524","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"block":null,"heading":"Assets","paragraphs":[{"citation":"274-10-35-4","para":"35-4","html":"
Personal financial statements shall present receivables at the discounted amounts of cash the person estimates will be collected, using appropriate interest rates at the date of the financial statements.
","snippet":"Personal financial statements shall present receivables at the discounted amounts of cash the person estimates will be collected, using appropriate interest rates at the date of the financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:724a90b6bdbedaffcb93f25fc48cef1a5af33a5ae1818fceeda14d16fca6da2c","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-5","para":"35-5","html":"
Marketable securities include both debt and equity securities for which market quotations are available. The estimated current values of such securities are their quoted market prices. The estimated current values of securities traded on securities exchanges are the closing prices of the securities on the date of the financial statements (valuation date) if the securities were traded on that date. If the securities were not traded on that date but published bid and asked prices are available, the estimated current values of the securities shall be within the range of those prices.
","snippet":"Marketable securities include both debt and equity securities for which market quotations are available. The estimated current values of such securities are their quoted market prices. The estimated current values of sec…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fd29cbf67c4af527a9531083ee12ce086ce96070d524ff7f862525897403a7ba","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-6","para":"35-6","html":"
For securities traded in the over-the-counter market, quotations of bid and asked prices are available from several sources, including the financial press, various quotation publications and financial reporting services, and individual broker-dealers. For those securities, the mean of the bid prices, of the bid and asked prices, or of the prices of a representative selection of broker-dealers quoting the securities may be used as the estimated current values.
","snippet":"For securities traded in the over-the-counter market, quotations of bid and asked prices are available from several sources, including the financial press, various quotation publications and financial reporting services,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d44565096a78f1aed80d9846ffd9d9b7987281384f001683896ce2d738e36bd9","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-7","para":"35-7","html":"
An investor may hold a large block of the equity securities of an entity. A large block of stock might not be salable at the price at which a small number of shares were recently sold or quoted. Further, a large noncontrolling interest may be difficult to sell despite isolated sales of a small number of shares. However, a controlling interest may be proportionately more valuable than noncontrolling interests that were sold. Consideration of those factors may require adjustments to the price at which the security recently sold. Moreover, restrictions on the transfer of a security may also suggest the need to adjust the recent market price in determining the estimated current value.
","snippet":"An investor may hold a large block of the equity securities of an entity. A large block of stock might not be salable at the price at which a small number of shares were recently sold or quoted. Further, a large noncontr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:021674f5c7eec8f1184376b48240e83b23ad88d3c399b6edc4280d8c6c3253c9","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-8","para":"35-8","html":"
If published prices of options are unavailable, their estimated current values shall be determined on the basis of the values of the assets subject to option, considering such factors as the exercise prices and length of the option periods.
","snippet":"If published prices of options are unavailable, their estimated current values shall be determined on the basis of the values of the assets subject to option, considering such factors as the exercise prices and length of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c91f6d4e1cddbf4026a6715dad3e1ab349cf0b4ede5b26d6ae3867977a4c6bf","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-9","para":"35-9","html":"
The estimated current value of an investment in life insurance is the cash value of the policy less the amount of any loans against it.
","snippet":"The estimated current value of an investment in life insurance is the cash value of the policy less the amount of any loans against it.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7594b72b141f981663a985fcb84ff591283859a5cae5db9dd4d08578c95f523d","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-10","para":"35-10","html":"
Intangible assets shall be presented at the discounted amounts of projected cash receipts and payments arising from the planned use or sale of the assets if both the amounts and timing can be reasonably estimated. For example, a record of receipts under a royalty agreement may provide sufficient information to determine its estimated current value. The cost of a purchased intangible shall be used if no other information is available.
","snippet":"Intangible assets shall be presented at the discounted amounts of projected cash receipts and payments arising from the planned use or sale of the assets if both the amounts and timing can be reasonably estimated. For ex…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:feca25ecd4b6628c4d2d8298dd5a62d4d8ed974b9a8e55946a978b10e6bc05d0","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-11","para":"35-11","html":"
Nonforfeitable rights to receive future sums that have all the following characteristics shall be presented as assets at their discounted amounts:
  1. a
    The rights are for fixed or determinable amounts.
  2. b
    The rights are not contingent on the holder's life expectancy or the occurrence of a particular event, such as disability or death.
  3. c
    The rights do not require future performance of service by the holder.
Paragraph 274-10-55-7 identifies nonforfeitable rights that may have the preceding characteristics.
","snippet":"Nonforfeitable rights to receive future sums that have all the following characteristics shall be presented as assets at their discounted amounts:\n(a) The rights are for fixed or determinable amounts.\n(b) The rights are …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3e65447ea6760276ae16d5f472ccdbbe25eac5a247b1526db51ef0edb8609d8","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99f58a6005c14bc8ba5fe4ff9503c8e42a44432993ca8a318f7f60c56d8f02af","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"block":null,"heading":"Liabilities","paragraphs":[{"citation":"274-10-35-12","para":"35-12","html":"
Personal financial statements shall present payables and other liabilities at the discounted amounts of cash to be paid. The discount rate shall be the rate implicit in the transaction in which the debt was incurred. If, however, the debtor is able to discharge the debt currently at a lower amount, the debt shall be presented at the lower amount.
","snippet":"Personal financial statements shall present payables and other liabilities at the discounted amounts of cash to be paid. The discount rate shall be the rate implicit in the transaction in which the debt was incurred. If,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab40e6bb325882225c7a3e3c04a81614124fa6cbfcd1260e041ed3155fa23b79","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-13","para":"35-13","html":"
Noncancellable commitments to pay future sums that have all the following characteristics shall be presented as liabilities at their discounted amounts:
  1. a
    The commitments are for fixed or determinable amounts.
  2. b
    The commitments are not contingent on others' life expectancies or the occurrence of a particular event, such as disability or death.
  3. c
    The commitments do not require future performance of service by others.
Noncancellable commitments that may have the preceding characteristics include fixed amounts of alimony for a definite future period and charitable pledges.
","snippet":"Noncancellable commitments to pay future sums that have all the following characteristics shall be presented as liabilities at their discounted amounts:\n(a) The commitments are for fixed or determinable amounts.\n(b) The …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d9db9b8050dbeeb08348872ebcf35cb2678be94f79b10487f0e28e2f546395b2","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-14","para":"35-14","html":"
The liability for income taxes payable shall include unpaid income taxes for completed tax years and an estimated amount for income taxes accrued for the elapsed portion of the current tax year to the date of the financial statements. That estimate shall be based on the relationship of taxable income earned to date to total estimated taxable income for the year, net of taxes withheld or paid with estimated income tax returns.
","snippet":"The liability for income taxes payable shall include unpaid income taxes for completed tax years and an estimated amount for income taxes accrued for the elapsed portion of the current tax year to the date of the financi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d6f098c787d6fbeea28cc8d857994b02198afc219db3d0f2f6e7d64c8cb09b1","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"citation":"274-10-35-15","para":"35-15","html":"
A provision shall be made for estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases, including consideration of negative tax bases of tax shelters, if any. The provision shall be computed as if the estimated current values of all assets had been realized and the estimated current amounts of all liabilities had been liquidated on the statement date, using applicable income tax laws and regulations, considering recapture provisions and available carryovers. For related implementation guidance, see paragraph 274-10-55-1.
","snippet":"A provision shall be made for estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases, including consideration of nega…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d1c9230709896daf26aade5749fd7d0c7d9a3f187e41a8d3922386cff7f6b47","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6dfcd7f5393417f10292b96b05754a61175d0484a33c83dcb95680ffe2dc3e7c","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3424db6038ba1ed5ccab9e8d73e083f8bc7a608f07bf72c705bda3eb9045f48","downloaded_from":"2026-09-09T23:21:41.128Z","last_downloaded_at":"2026-09-09T23:21:41.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479688","source_sha256":"42c9ef5d383570cf5d04aca03dea68461e335198b786ee1f61049fe116ac5148"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-45-1","para":"45-1","html":"
Paragraph 274-10-35-1 states that personal financial statements shall present assets at their estimated current values and liabilities at their estimated current amounts at the date of the financial statements.
","snippet":"Paragraph 274-10-35-1 states that personal financial statements shall present assets at their estimated current values and liabilities at their estimated current amounts at the date of the financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bddf0fea2f4ac369b015f1ffee7ed167a998f923f6d693735d7ac5d379e14636","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-2","para":"45-2","html":"
This Subtopic does not prohibit supplemental presentation of historical cost information.
","snippet":"This Subtopic does not prohibit supplemental presentation of historical cost information.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1279562941fb32434cb4d77fd72ef384b35718643e52597274492db16e3f9af","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b52c2447a16b7bedaaf4862473696afd91b39a0924a4d5a82b754c6f626e077f","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Reporting Entity","paragraphs":[{"citation":"274-10-45-3","para":"45-3","html":"
Personal financial statements may be prepared for any of the following:
  1. a
    An individual
  2. b
    A husband and wife
  3. c
    A family.
","snippet":"Personal financial statements may be prepared for any of the following:\n(a) An individual\n(b) A husband and wife\n(c) A family.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbedb655d22c49977701f617ca2b0080f1a38d6d84801c65d0d475d825186117","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c23a9fd61a6fc7e29aeb41c4b6e49b0f63e2c6fdfbdb2d804ba3293fec74bc5","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Form of Statements","paragraphs":[{"citation":"274-10-45-4","para":"45-4","html":"
Personal financial statements consist of all of the following:
  1. a
    A statement of financial condition. A statement of financial condition is the basic personal financial statement and shall present all of the following:
    1. 1
      Estimated current values of assets
    2. 2
      Estimated current amounts of liabilities
    3. 3
      Estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases
    4. 4
      Net worth at a specified date.
  2. b
    A statement of changes in net worth. The presentation of a statement of changes in net worth is optional.A statement of changes in net worth shall present all of the following:
    1. 1
      Major sources of increases in net worth, including any of the following:
      1. i
        Income
      2. ii
        Increases in the estimated current values of assets
      3. iii
        Decreases in the estimated current amounts of liabilities
      4. iv
        Decreases in estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases.
    2. 2
      Major sources of decreases in net worth, including any of the following:
      1. i
        Expenses
      2. ii
        Decreases in the estimated current values of assets
      3. iii
        Increases in the estimated current amounts of liabilities
      4. iv
        Increases in estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases.
Example 1 (paragraph 274-10-55-8) illustrates financial statements prepared based on the guidance in this Subtopic.
","snippet":"Personal financial statements consist of all of the following:\n(a) A statement of financial condition. A statement of financial condition is the basic personal financial statement and shall present all of the following:\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71b75db10a5490193951cdff710fe715a1cd9c9468e170de72ffcd9dabc9dbdd","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-5","para":"45-5","html":"
The presentation of comparative financial statements of the current period and one or more prior periods may sometimes be desirable. Such a presentation is more informative than the presentation of financial statements for only one period. The presentation of comparative financial statements is optional.
","snippet":"The presentation of comparative financial statements of the current period and one or more prior periods may sometimes be desirable. Such a presentation is more informative than the presentation of financial statements f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fd3833e47754ce9364ba178c9519d1ab1f9e184bfb56022302f50680a72c164","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ce1d07905ff568e6c69c96c1b679eb5c9b161724dc13a45a4472994dbad6c42","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Methods of Presentation","paragraphs":[{"citation":"274-10-45-6","para":"45-6","html":"
Paragraph 274-10-25-1 states that assets and liabilities shall be recognized on the accrual basis of accounting.
","snippet":"Paragraph 274-10-25-1 states that assets and liabilities shall be recognized on the accrual basis of accounting.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72ec5fe878ad17975d3298f3b64097295dc19a40a4e098f76a80f9febfc6081f","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-7","para":"45-7","html":"
Assets and liabilities shall be presented by order of liquidity and maturity, without classification as current and noncurrent.
","snippet":"Assets and liabilities shall be presented by order of liquidity and maturity, without classification as current and noncurrent.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eff542d3ffeed7760f8ca62593ab0ad573de936046eebcd10446b1b09e8b2a05","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-8","para":"45-8","html":"
If personal financial statements are prepared for one of a group of joint owners of assets, the statements shall include only the person's interest as a beneficial owner, as determined under the property laws of the state having jurisdiction. If property is held in joint tenancy, as community property, or through a similar joint ownership arrangement, the legal status of the separate equities of the parties may not be evident. In that case, the person may require legal advice to determine whether an interest in the property shall be included among the person's assets and, if so, the proper allocation of the equity in the property under the applicable state laws.
","snippet":"If personal financial statements are prepared for one of a group of joint owners of assets, the statements shall include only the person's interest as a beneficial owner, as determined under the property laws of the stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5249514f8b4282f3203c901c1f96a0652d338a5e16fbc3ceb91846f5532c9ca1","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-9","para":"45-9","html":"
Business interests that constitute a large part of a person's total assets shall be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corporation, a partnership, or a sole proprietorship, shall be shown in one amount as an investment if the entity is marketable as a going concern. Assets and liabilities of the separate entity shall not be combined with similar personal items.
","snippet":"Business interests that constitute a large part of a person's total assets shall be shown separately from other investments. The estimated current value of an investment in a separate entity, such as a closely held corpo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e53aa257ca6425feb4f55b2e2674eb167145908ea6814f14f19387ef1dea5f5","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"citation":"274-10-45-10","para":"45-10","html":"
The estimated current values of assets and the estimated current amounts of liabilities of limited business activities not conducted in a separate business entity, such as an investment in real estate and a related mortgage, shall be presented as separate amounts, particularly if a large portion of the liabilities may be satisfied with funds from sources unrelated to the investment.
","snippet":"The estimated current values of assets and the estimated current amounts of liabilities of limited business activities not conducted in a separate business entity, such as an investment in real estate and a related mortg…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:050dc297699743e523cb4e195a02d1fa832330493009469c0f68ed6751cd3f45","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9f1c3dd95d614bb8b7c1cdf9b45a6d9de36fcfe49bc1933c0dbfaba83d55af5","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Closely Held Businesses","paragraphs":[{"citation":"274-10-45-11","para":"45-11","html":"
The net investment in a business entity (not its assets and liabilities) shall be presented in the statement of financial condition. The net investment shall be presented at its estimated current value at the date of the financial statement.
","snippet":"The net investment in a business entity (not its assets and liabilities) shall be presented in the statement of financial condition. The net investment shall be presented at its estimated current value at the date of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03f76642beb2ac3c91ba0fef1b616da1557bb4aa960b9f0cdc3cf0a911a3c778","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48e7ad40e18f4f477c3da50144fd22b34b93bb72fac33459e64812b984b4cedc","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Certain Estimated Income Taxes","paragraphs":[{"citation":"274-10-45-12","para":"45-12","html":"
Estimated income taxes shall be presented between liabilities and net worth in the statement of financial condition.
","snippet":"Estimated income taxes shall be presented between liabilities and net worth in the statement of financial condition.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1533945d445b1d03993098b82105e21e38173002bb0dd90f9445ff3d0e887f32","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92313fb62d172bc85114078f97b1eac1f1512c763e68a1e70f34ef4ae4bd7cf3","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"block":null,"heading":"Adequate Disclosure","paragraphs":[{"citation":"274-10-45-13","para":"45-13","html":"
Personal financial statements shall include sufficient disclosures to make the statements adequately informative. The disclosures may be made in the body of the financial statements or in the notes to financial statements.
","snippet":"Personal financial statements shall include sufficient disclosures to make the statements adequately informative. The disclosures may be made in the body of the financial statements or in the notes to financial statement…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0f90bddc0270c6c49364a3dad474785d7f7b5c7de5d1c66642eea4666be1c1c","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4026f4185a1421aa02836fc151b2feaf925d27426ef33260622d36476b75539","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b43f9f94f02387247d2b0ceebcef371b34e6999e210539c42f48a7f2823f661","downloaded_from":"2026-09-09T23:21:43.131Z","last_downloaded_at":"2026-09-09T23:21:43.131Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479720","source_sha256":"487fd0175492c64e0115a364b2e6a1537208f2a59b9dd37a10ee4feb0b2bded0"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-50-1","para":"50-1","html":"
Paragraph 274-10-45-13 states that personal financial statements shall include sufficient disclosures to make the statements adequately informative. That paragraph states that the disclosures may be made in the body of the financial statements or in the notes to financial statements.
","snippet":"Paragraph 274-10-45-13 states that personal financial statements shall include sufficient disclosures to make the statements adequately informative. That paragraph states that the disclosures may be made in the body of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5d01850b023e81940414ad140e4f8fe0e441387491da68496eb202453cef61c","downloaded_from":"2026-09-09T23:21:47.233Z","last_downloaded_at":"2026-09-09T23:21:47.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479626","source_sha256":"b61ee99a853f12fbc95364af2ad830a5f94308abf689f660d710084bb18b7b9e"}},{"citation":"274-10-50-2","para":"50-2","html":"
Personal financial statements disclosures shall include, but are not limited to, all of the following:
  1. a
    A clear indication of the individuals covered by the financial statements
  2. b
    That assets are presented at their estimated current values and liabilities are presented at their estimated current amounts
  3. c
    Either of the following:
    1. 1
      The methods used in determining the estimated current values of major assets and the estimated current amounts of major liabilities
    2. 2
      The methods used in determining the major categories of assets and liabilities.
  4. d
    Changes in item (c) methods from one period to the next
  5. e
    If assets held jointly by the person and by others are included in the statements, the nature of the joint ownership
  6. f
    If the person's investment portfolio is material in relation to his or her other assets and is concentrated in one or a few companies or industries, the names of the entities or industries and the estimated current values of the securities
  7. g
    If the person has a material investment in a closely held business, at least the following:
    1. 1
      The name of the entity and the person's percentage of ownership
    2. 2
      The nature of the business
    3. 3
      Summarized financial information about assets, liabilities, and results of operations for the most recent year based on the financial statements of the business, including information about the basis of presentation (for example, generally accepted accounting principles, income tax basis, or cash basis) and any significant loss contingencies.
  8. h
    Descriptions of intangible assets and their estimated useful lives
  9. i
    The face amount of life insurance the individuals own
  10. j
    Nonforfeitable rights that do not have the characteristics discussed in paragraph 274-10-35-11, for example, pensions based on life expectancy
  11. k
    All of the following tax information:
    1. 1
      The methods and assumptions used to compute the estimated income taxes on the differences between the estimated current values of assets and the estimated current amounts of liabilities and their tax bases
    2. 2
      A statement that the provision will probably differ from the amounts of income taxes that might eventually be paid because those amounts are determined by the timing and the method of disposal, realization, or liquidation and the tax laws and regulations in effect at the time of disposal, realization, or liquidation
    3. 3
      Unused operating loss and capital loss carryforwards
    4. 4
      Other unused deductions and credits, with their expiration periods, if applicable
    5. 5
      The differences between the estimated current values of major assets and the estimated current amounts of major liabilities or categories of assets and liabilities and their tax bases
    6. 6
      The excess or deficit of the estimated current values of major assets or categories of assets over their tax bases.
  12. l
    Maturities, interest rates, collateral, and other pertinent details relating to receivables and debt
  13. m
    Noncancellable commitments that do not have the characteristics discussed in paragraph 274-10-35-13.
","snippet":"Personal financial statements disclosures shall include, but are not limited to, all of the following:\n(a) A clear indication of the individuals covered by the financial statements\n(b) That assets are presented at their …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:032736e51c55065ca8b49b0ac2166041094c250e7a49faf8418cbaeaacfa371a","downloaded_from":"2026-09-09T23:21:47.233Z","last_downloaded_at":"2026-09-09T23:21:47.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479626","source_sha256":"b61ee99a853f12fbc95364af2ad830a5f94308abf689f660d710084bb18b7b9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f304264cfcdc47059a67a273e4204f8420588ef05aa613bc6616810931069e64","downloaded_from":"2026-09-09T23:21:47.233Z","last_downloaded_at":"2026-09-09T23:21:47.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479626","source_sha256":"b61ee99a853f12fbc95364af2ad830a5f94308abf689f660d710084bb18b7b9e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a537d8cd6766fc4eb5fee1921845fa763ae3705d0f11a2cfcaf963dcf04d591f","downloaded_from":"2026-09-09T23:21:47.233Z","last_downloaded_at":"2026-09-09T23:21:47.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479626","source_sha256":"b61ee99a853f12fbc95364af2ad830a5f94308abf689f660d710084bb18b7b9e"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"274-10-55-1","para":"55-1","html":"
This implementation guidance addresses estimating current value. Recent transactions involving similar assets and liabilities in similar circumstances ordinarily provide a satisfactory basis for determining the estimated current value of an asset and the estimated current amount of a liability. If recent sales information is unavailable, other methods that may be used include any of the following:
  1. a
    The capitalization of past or prospective earnings
  2. b
    The use of liquidation values
  3. c
    The adjustment of historical cost based on changes in a specific price index
  4. d
    The use of appraisals
  5. e
    The use of the discounted amounts of projected cash receipts and payments.
","snippet":"This implementation guidance addresses estimating current value. Recent transactions involving similar assets and liabilities in similar circumstances ordinarily provide a satisfactory basis for determining the estimated…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:624e971a3d2975cb0c901d611d1eae33c977d67ec1e787d1e7ec8cfd2f369e98","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-2","para":"55-2","html":"
Costs of disposal, such as commissions, shall be considered in determining the estimated current value of an asset. The book value or cost of a person's share of the equity of a business adjusted for appraisals of specific assets, such as real estate or equipment, is sometimes used as the estimated current value.
","snippet":"Costs of disposal, such as commissions, shall be considered in determining the estimated current value of an asset. The book value or cost of a person's share of the equity of a business adjusted for appraisals of specif…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9bc63eb186a122e1b67783d4bbb976ed393929d21416638d97ff776362f6aca","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-3","para":"55-3","html":"
In determining the estimated current values of some assets (for example, works of art, jewelry, restricted securities, investments in closely held businesses, and real estate), the person may need to consult a specialist.
","snippet":"In determining the estimated current values of some assets (for example, works of art, jewelry, restricted securities, investments in closely held businesses, and real estate), the person may need to consult a specialist…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66fed04b42f8a6906dda7050ad16fc543e7d7b080a0f9ba4b9b479442fc15528","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-4","para":"55-4","html":"
There is no one generally accepted procedure for determining the estimated current value of an investment in a closely held business. Several procedures or combinations of procedures may be used to determine the estimated current value of a closely held business, including any of the following:
  1. a
    A multiple of earnings
  2. b
    Liquidation value
  3. c
    Reproduction value
  4. d
    Appraisals
  5. e
    Discounted amounts of projected cash receipts and payments
  6. f
    Adjustments of book value or cost of the person's share of the equity of the business.
The book value or cost of a person's share of the equity of a business adjusted for appraisals of specific assets, such as real estate or equipment, is sometimes used as the estimated current value.
","snippet":"There is no one generally accepted procedure for determining the estimated current value of an investment in a closely held business. Several procedures or combinations of procedures may be used to determine the estimate…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f5f45bf5f7faa9acaa97faa46f78b85f6766eb367a677dbb32c82e7b39c6ae0","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-5","para":"55-5","html":"
The owner of an interest in a closely held business may have entered into a buy-sell agreement that specifies the amount (or the basis of determining the amount) to be received in the event of withdrawal, retirement, or sale. If such an agreement exists, it shall be considered, but it does not necessarily determine estimated current value. Whatever procedure is used, the objective shall be to approximate the estimated current value.
","snippet":"The owner of an interest in a closely held business may have entered into a buy-sell agreement that specifies the amount (or the basis of determining the amount) to be received in the event of withdrawal, retirement, or …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3c3c867e4ca836b697075e3d6ff2d4bbe935ce89ce2e5bb7580870bceec2f36","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-6","para":"55-6","html":"
Information that may be used in determining the estimated current values of investments in real estate (including leaseholds) includes any of the following:
  1. a
    Sales of similar property in similar circumstances
  2. b
    The discounted amounts of projected cash receipts and payments relating to the property or the net realizable value of the property, based on planned courses of action, including leaseholds whose current rental value exceeds the rent in the lease
  3. c
    Appraisals based on estimates of selling prices and selling costs obtained from independent real estate agents or brokers familiar with similar properties in similar locations
  4. d
    Appraisals used to obtain financing
  5. e
    Assessed value for property taxes, including consideration of the basis for such assessments and their relationship to market values in the area.
","snippet":"Information that may be used in determining the estimated current values of investments in real estate (including leaseholds) includes any of the following:\n(a) Sales of similar property in similar circumstances\n(b) The …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb139c6c3e0772fa4596ba753b42dbb48175a19bb23c7fa87772c61ba65d418f","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-7","para":"55-7","html":"
This paragraph provides implementation guidance on the application of paragraph 274-10-35-11. Nonforfeitable rights that may have those characteristics include all of the following:
  1. a
    Guaranteed minimum portions of pensions
  2. b
    Vested interests in pension or profit sharing plans
  3. c
    Deferred compensation contracts
  4. d
    Beneficial interests in trusts
  5. e
    Remainder interests in property subject to life estates
  6. f
    Annuities
  7. g
    Fixed amounts of alimony for a definite future period.
","snippet":"This paragraph provides implementation guidance on the application of paragraph 274-10-35-11. Nonforfeitable rights that may have those characteristics include all of the following:\n(a) Guaranteed minimum portions of pen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a3dcd5a31e0eafeb1509cc5673f1be51b21067ba08e845aae4fb8d0092cc39f","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc8cca47702085482be7e2cb470aa4b53f0f89101a33004ee1659bb9df8606f3","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"274-10-55-8","para":"55-8","html":"
This Example illustrates financial statements prepared following the guidance in this Subtopic.
","snippet":"This Example illustrates financial statements prepared following the guidance in this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d62899a7d2e389127501b3383f118b2c5ad7948a97cc48762f6579a9149f11f","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-9","para":"55-9","html":"
Illustrative statements of financial condition follow.The accompanying notes to financial statements (see paragraph 274-10-55-11) are an integral part of these financial statements.
","snippet":"Illustrative statements of financial condition follow.\nThe accompanying notes to financial statements (see paragraph 274-10-55-11) are an integral part of these financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70a44fe258ac43570b23b66a4b4b4e08911e7a9d079e651f7d87c2e28d0b3b31","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-10","para":"55-10","html":"
Illustrative statements of changes in net worth follow.The accompanying notes to financial statements (see paragraph 274-10-55-11) are an integral part of these financial statements.
","snippet":"Illustrative statements of changes in net worth follow.\nThe accompanying notes to financial statements (see paragraph 274-10-55-11) are an integral part of these financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9c98cb5914319c6c45e7fa71fd218d32e60900d21f455215a69582cb2238cad","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-11","para":"55-11","html":"
Illustrative notes to financial statements follow.
","snippet":"Illustrative notes to financial statements follow.\nJames and Jane Person—Notes to Financial Statements\nNOTE 1. The accompanying financial statements include the assets and liabilities of James and Jane Person. Assets are…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b1beeb78e585f81fd74007eac62ff5034aec932c73cbec301a5012970221d8f","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-12","para":"55-12","html":"
This Example illustrates how to compute the excess of the estimated current values of assets over their tax bases and the provision for estimated income taxes on the excess. This Example uses the same information as in the illustrative financial statements in Example 1 (see paragraph 274-10-55-8). The provision for estimated income taxes should also reflect tax consequences that result from differences between the estimated current amounts of liabilities and their tax base.
","snippet":"This Example illustrates how to compute the excess of the estimated current values of assets over their tax bases and the provision for estimated income taxes on the excess. This Example uses the same information as in t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f5dc9a6023916a795d809eda2653437d2e0da7f3c20b9902a1a3ac31c52626a","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-13","para":"55-13","html":"
Paragraph 274-10-50-2(k)(6) requires that the excess or deficit of the estimated current values of major assets or categories of assets over their tax bases be disclosed. That paragraph also requires that differences between the estimated current amounts of major liabilities or categories of liabilities and their tax bases also be disclosed. Paragraph 274-10-45-12 requires that the amount of estimated income taxes be presented in the statement of financial condition between liabilities and net worth.
","snippet":"Paragraph 274-10-50-2(k)(6) requires that the excess or deficit of the estimated current values of major assets or categories of assets over their tax bases be disclosed. That paragraph also requires that differences bet…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e2c66c63f83316ed3575a0b005be5cd089fa951f06715e16ddff162816dd300f","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"citation":"274-10-55-14","para":"55-14","html":"
The assumptions and the tax basis information used in computing the excess of the estimated current values of assets over their tax bases and the estimated income taxes on the excess depend on the facts, circumstances, tax laws and regulations, and assumptions that apply to the individual or individuals for whom the financial statements are prepared. The facts, circumstances, tax laws and regulations, and assumptions used in the following are illustrative only.
","snippet":"The assumptions and the tax basis information used in computing the excess of the estimated current values of assets over their tax bases and the estimated income taxes on the excess depend on the facts, circumstances, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3437ed3382848a4b07fe1f11ca9817539a27d11b8478a0e5ae7e3d4252d3189","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15ff41d94f89cdc1e9a321b444c311b7544a36ef5447f1af74fd53f8bc9239e2","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b89d8bf861a9557dfff9d1f89a4be318bbf7e485b8aa02c61b21d34994fdb553","downloaded_from":"2026-09-09T23:21:49.350Z","last_downloaded_at":"2026-09-09T23:21:49.350Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479592","source_sha256":"38983f9b7c1fcd08abe13ff3788aa644c242c9e6c4bf3d8520b12b76d8ba80fa"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"274-10-65-1","para":"65-1","html":"
Paragraph superseded on 07/05/2017 after the end of the transition period stated in Accounting Standards Update No. 2015-10, Technical Corrections and Improvements.
","snippet":"Paragraph superseded on 07/05/2017 after the end of the transition period stated in Accounting Standards Update No. 2015-10, Technical Corrections and Improvements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f7325e59d5ad68a25fa5d4bb6905004c22ca7d325bb33a2c83b9f9cd0201bf8","downloaded_from":"2026-09-09T23:21:52.593Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480096","source_sha256":"4af740deee86284ea70e076fe5e98562b3d1b7f50d616c777e411b50c8226d73"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e4b733f8d217a3a8a49372e973c0512e4a1c1dce365e62cc5008b45916b78ae","downloaded_from":"2026-09-09T23:21:52.593Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480096","source_sha256":"4af740deee86284ea70e076fe5e98562b3d1b7f50d616c777e411b50c8226d73"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cb83ea40ab27e6a3f50c1d4a3059deddc5c405c6db0e01d289a140f4738b42a","downloaded_from":"2026-09-09T23:21:52.593Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480096","source_sha256":"4af740deee86284ea70e076fe5e98562b3d1b7f50d616c777e411b50c8226d73"}}],"enrichment":{"summary":"ASC 274-10 governs personal financial statements prepared for an individual, a married couple, or a family. The core rule is that assets are presented at their estimated current values and liabilities at their estimated current amounts on the accrual basis (274-10-25-1; 274-10-35-1), with a provision for estimated income taxes on the difference between those amounts and the related tax bases (274-10-35-15). The required statement is a statement of financial condition ending in net worth; a statement of changes in net worth and comparative statements are optional (274-10-45-4, 45-5).","key_points":["Assets and liabilities are recognized on the accrual basis and presented at estimated current values/amounts at the statement date, using methods applied consistently from period to period (274-10-25-1, 274-10-35-1, 274-10-35-3).","Receivables are presented at the discounted amount expected to be collected, and payables/other liabilities at the discounted amount of cash to be paid using the rate implicit in the transaction (or a lower current settlement amount if the debt can be discharged for less) (274-10-35-4, 274-10-35-12).","Marketable securities are valued at quoted market prices (closing price, or within the bid-asked range if not traded that day), with possible adjustments for large blocks, control, or transfer restrictions; life insurance is carried at cash value less policy loans (274-10-35-5 through 35-9).","Nonforfeitable rights to receive fixed or determinable amounts not contingent on life expectancy or future service (e.g., vested pension interests, annuities, beneficial interests in trusts) are presented as assets at discounted amounts; mirror criteria apply to noncancellable commitments as liabilities (274-10-35-11, 274-10-35-13, 274-10-55-7).","A provision for estimated income taxes is computed as if all assets had been realized and all liabilities liquidated at the statement date, and is presented between liabilities and net worth (274-10-35-15, 274-10-45-12).","Assets and liabilities are listed by order of liquidity and maturity without current/noncurrent classification; the net investment in a business entity (not its individual assets and liabilities) is shown in one amount if marketable as a going concern (274-10-45-7, 45-9, 45-11).","Required disclosures include the individuals covered, valuation methods and changes therein, joint ownership arrangements, concentrations in the investment portfolio, information about material closely held business investments, life insurance face amounts, and detailed tax information including carryforwards and current value/tax basis differences (274-10-50-2)."],"categories":["Presentation","Subsequent measurement","Disclosure","Fair value"],"audience_level":"intermediate","student_note":"Personal financial statements are the rare GAAP context where a full current-value (not historical cost) balance sheet is required, and the hypothetical tax provision sits between liabilities and net worth rather than in liabilities. A common mistake is combining a closely held business's assets and liabilities with personal items instead of showing a single net investment amount, or classifying items as current/noncurrent.","related_topics":["450","850","820","740","323"],"key_concepts":["personal financial statements","estimated current value","estimated current amount","statement of financial condition","statement of changes in net worth","net worth","provision for estimated income taxes","closely held business valuation"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62ad1ace15c0e0e1488a1d9a68a86deddddd3bef4e05371188c40ad87ac60766","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"205-958","title":"Not-for-Profit Entities","topic_title":"Presentation of Financial Statements","score":0.7654,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65d76e4cdb3f5c01e70d8dad3bf153a36ecded8c10f299609a081426ccb5b290","downloaded_from":"2026-09-09T22:55:47.235Z","last_downloaded_at":"2026-09-09T22:56:13.307Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-958","title":"Not-for-Profit Entities","topic_title":"Balance Sheet","score":0.7522,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4a11c13425f7789ab5874e638e971ef9e561da8ad12c545fb7f39a7cf79d3ad","downloaded_from":"2026-09-09T23:02:23.603Z","last_downloaded_at":"2026-09-09T23:02:44.054Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-946","title":"Financial Services—Investment Companies","topic_title":"Balance Sheet","score":0.7418,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8806bc2c1c6ef7fe14c05f43b049849a1ea5d6df415e075c90be9178f1df18b0","downloaded_from":"2026-09-09T23:01:25.620Z","last_downloaded_at":"2026-09-09T23:02:00.098Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-946","title":"Financial Services—Investment Companies","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.7378,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68e8b1b7cee53dfe5793723d4c21efc38bf0f7007ea2f8c0efde4801d56857b9","downloaded_from":"2026-09-09T23:06:14.562Z","last_downloaded_at":"2026-09-09T23:06:52.794Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-10","title":"Overall","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.7267,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b910c0b452c47a82fd101bd3d55b88760f4a26b87c4e1e3239a77f20a62333dd","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"255-10","title":"Overall","topic_title":"Changing Prices","score":0.7236,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfb24743c6be0267ba05f0257e6389afe0a1bf659d3ad207a6479e78f591f106","downloaded_from":"2026-09-09T23:18:00.706Z","last_downloaded_at":"2026-09-09T23:18:30.447Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"272-10","title":"Overall","topic_title":"Limited Liability Entities","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e57afcc1925861d1745ee4747cfe39191507162abcd2912ff454b62b9f8bde5","downloaded_from":"2026-09-09T23:21:04.667Z","last_downloaded_at":"2026-09-09T23:21:23.562Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"275-10","title":"Overall","topic_title":"Risks and Uncertainties","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:558f3fba6069591f94be7f488185587c715095c6bf833ae297a91b0807c837d2","downloaded_from":"2026-09-09T23:21:55.847Z","last_downloaded_at":"2026-09-09T23:22:20.205Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:131ef8564b707907a8916cf56f92541bf52d888fb6ef45b90df8e129e1310def","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":52,"summary":"ASC 274 sets the reporting framework for personal financial statements of an individual, a married couple, or a family: assets are presented at estimated current values and liabilities at estimated current amounts, both recognized on the accrual basis (274-10-25-1; 274-10-35-1). The required statement is a statement of financial condition ending in net worth, with assets and liabilities listed by order of liquidity and maturity and no current/noncurrent classification; statements of changes in net worth and comparative statements are optional (274-10-45-4, 45-5, 45-7). Measurement rules are asset-specific — discounted amounts for receivables, payables, nonforfeitable fixed rights and noncancellable commitments; quoted market prices for marketable securities; cash value less policy loans for life insurance; and a single net investment amount for a closely held business marketable as a going concern (274-10-35-4 through 35-13, 45-9, 45-11). The distinctive feature is a provision for estimated income taxes computed as if all assets were realized and all liabilities liquidated at the statement date, presented between liabilities and net worth (274-10-35-15, 274-10-45-12), supported by extensive disclosures (274-10-50-2).","concepts":["personal financial statements","estimated current value","estimated current amount","statement of financial condition ending in net worth","provision for estimated income taxes","discounted amounts for receivables and payables","net investment in closely held business","nonforfeitable rights and noncancellable commitments"],"categories":["Financial statement presentation","Subsequent measurement","Disclosure","Income taxes"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d819dbfe9b97b1d54f5ddfb00d713a419d48a6ca1cc856406e533139f5951d2e","downloaded_from":"2026-09-09T23:21:27.622Z","last_downloaded_at":"2026-09-09T23:21:52.593Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}